- CNTV English - CCTV News

Eurozone: Inflation slows, unemployment remains high

09-01-2010 09:01 BJT

Euro zone inflation slowed in August, pointing to steady interest rates well into 2011. But unemployment remains high and uneven across the region, underlining the two-speed recovery.

The European Union statistics office Eurostat reported that inflation in the 16-nation currency area fell to 1.6 percent year-on-year in August. Officials said inflation won't be an issue for a period of one to two years, and that it's also likely to be curbed by fiscal tightening. But some economists said the easing was most likely a result of cheaper energy and lower core inflation.

At the same time the unemployment rate in the euro zone remained unchanged at 10 percent for the fifth month. Germany's rate has been on the decline, but the opposite trend can be seen in other countries like Spain and Ireland.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program